but this is a long term for me and my wife, and my wife is against the flipping thing anyways for our own deals..which keeps me grounded and focused when the eagerly part of me say emmmm..what if ...I am in kansas, which as you all know is a steady market... appreciaction is 3% on average on house like that...5% in a very good year... but I feel is a fair deal ..since I am paying $54,720 + 2% concessions from seller and with 2 to 3K in repair expenses a minimum fair market value would be $65....could really be listed for $69K and sold quickly.I guess the only thing that bothers me. is the Cash on Cash calculation and RoR...I was given the impression from a lender that I could get a 100% loan a couple of weeks ago.... which turned to be b.s. as you all know for investment property this a thing of the past (maybe couple a month ago was available)....

It just bothers me that a few people do things unethically and create a 'cause' for legislation that affects everyone.

Why bother with a contract when these types of people know they can walk away and thumb their noses.

Or, maybe its just a matter that there are enough nice places on the market to satisfy the available buyers, so nobody's wants to bother with this one.Jon

She decides to bolt, but doesn't bother telling me or moving anything.

Hello;I am living in Southern California and at the moment I am movingfrom L.A. to Riverside county .I am looking for an advice, what is the most time efficient method, to finda piece of land for sale, on which would be allowed to place mobile home.I am interested in Inland Empire area which is not very far fromRiverside city, however I am quite flexible.My search on internet did not bring any results, and Realtors, few I contacted, seems not to want to bother at all withthis kind of sales.

As far as I am concerned, a 10% price drop barely even counts as a correction and it certainly does not warrant all the panic that the press is trying to drum up.When prices were going up 30% per year, I wouldn't have bothered to purchase a property that I could only get 10% reduction in the price. 10% off is no bargain, and 10% isn't diddly squat in real estate prices.Somebody wake me up if prices drop 50%, because I'll have some serious buying to do at that point.

the Q&A forum title & description could possibly be clearer to that effect.Hope I wasn't bothers some

I guess my question for you hut is why does it bother you?

-rent something reasonably nice/small for the wife and I to live in and invest in a smaller apartment building or commercial property-go owner occupied on a cheap 4 unit place(not sure wife will like slumming it-or that I would like the lack of investment/personal life boundaries)-buy a 200k house to live in and invest in a smaller 4 unit-ish sized place-buy a giant 400k house and just fund the IRA and don't bother with REI.